700 Bentwater Circle #1
About This Property
Pelican Bay is a world class amenity filled lifestyle that includes 3 miles of undeveloped beachfront for residents to walk, swim, sail, kayak, paddle board and embrace this natural shoreline, 2 resident only beach clubs, 2 tennis complexs, pickle ball, grand fitness center, spa by appointment, walking and fitness trails, the Waterside Shops, Artis philharmonic center and the Baker Museum, all within the community. This is a must see Naples lifestyle !
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Price Decreased |
$995,000
↓ $55K
(5.2%) | |
| Price Decreased | |||
| Jul 1, 2025 | Price Decreased |
$1,050,000
↓ $125K
(10.6%) | |
| Price Decreased | |||
| Mar 26, 2025 | Listed by Downing Frye Realty Inc. | $1,175,000 | |
| Listed by Downing Frye Realty Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/26/2025
|
2 Bed
|
2 Bath
|
1863 ft²
|
$1,175,000
2 Bed
2 Bath
1863 ft²
|
$947,500
-19.36%
02/13/2026
|
Corey S. Ward, PA
CHARLES RUTENBERG REALTY INC
| |
|
09/27/2024
|
3 Bed
|
3 Bath
|
1831 ft²
|
$1,899,000
3 Bed
3 Bath
1831 ft²
|
-
-
|
Daniel Boyce PA
Premiere Plus Realty Company
| |
|
07/11/2022
|
3 Bed
|
3 Bath
|
1831 ft²
|
$1,299,000
3 Bed
3 Bath
1831 ft²
|
-
-
|
Dan Boyce, PA
Premiere Plus Realty Co.
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017